Asia Rallies, Crude Rallies, Futures Are Rallying

If you thought Monday would be better climes for your ursine ways, you are sure to be sorely under appreciated as a sage in about 10 hours.

Asian markets are setting the tone, rallying between 1-2%.

The risk is good analogue is spilling over into commodities, buoying oil and subjugating gold to losses, now off by 1%.

US futures are fantastically higher, especially when compared to the deficits from earlier.

In short, expect a continuation of last week’s rally and perhaps something much more perverse, reminiscent of previous frantic rallies, spearheaded by goodwill and an over abundance of euphoria that could spell doom for all those short.